BayCurrent Inc, Mar-Nov (Cumulative 3Q) Net Income Increases by 20%, Sep-Nov Net Income Increases by 24%

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Tue Jan 14, 2025 3:30 pm JST Earnings

6532 BayCurrent, Inc. 【IFRS】

Earnings Report

BayCurrent, Inc. <6532> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 20.5% from the previous period non-consolidated to 21.2 billion yen. The progress rate toward the full-year plan of 30.3 billion yen was 70.0%, exceeding the five-year average of 65.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income (non-consolidated) for the December to February period (4Q) is expected to grow 16.9% from the same period last year, reaching 9.1 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated net income grew 23.9% from the same period last year, reaching 7.83 billion yen. However, the operating profit margin remained almost flat, changing from 36.2% in the same period last year to 36.1%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Nov, 2022	54,927	20,901	20,869	14,823	96.7	69.9	Jan 13, 2023	IFRS
Mar - Nov, 2023	67,717	24,194	24,153	17,596	115.1	70.7	Jan 12, 2024	IFRS
Mar - Nov, 2024	83,525	28,747	28,688	21,200	139.3	70.0	Jan 14, 2025	IFRS
YoY	+23.3%	+18.8%	+18.8%	+20.5%	+21.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	60,906	22,971	22,911	16,932	111.4	25	Oct 10, 2024	IFRS
Sep - Feb, 2024 New	60,906	22,971	22,911	16,932	111.4	25	Jan 14, 2025	IFRS
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	115,000	41,100	41,000	30,300	199.3	50	Apr 12, 2024	IFRS
Feb, 2025 New	115,000	41,100	41,000	30,300	199.3	50	Jan 14, 2025	IFRS
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	50,183	18,631	18,685	14,108	92.3	25	Apr 12, 2024	IFRS
Sep - Feb, 2024 Guidance	60,906	22,971	22,911	16,932	111.4	25	Jan 14, 2025	IFRS
YoY	+21.4%	+23.3%	+22.6%	+20.0%	+20.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	76,090	29,916	29,875	21,910	143.0	37	Apr 14, 2023	IFRS
Feb, 2024	93,909	34,129	34,160	25,382	166.0	43	Apr 12, 2024	IFRS
Feb, 2025 Guidance	115,000	41,100	41,000	30,300	199.3	50	Jan 14, 2025	IFRS
YoY	+22.5%	+20.4%	+20.0%	+19.4%	+20.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	23,991	8,696	8,678	6,322	41.4	36.2	Jan 12, 2024	IFRS
Dec - Feb, 2023	26,192	9,935	10,007	7,786	50.9	37.9	Apr 12, 2024	IFRS
Mar - May, 2024	27,297	9,455	9,436	6,973	45.7	34.6	Jul 11, 2024	IFRS
Jun - Aug, 2024	26,797	8,674	8,653	6,395	42.0	32.4	Oct 10, 2024	IFRS
Sep - Nov, 2024	29,431	10,618	10,599	7,832	51.5	36.1	Jan 14, 2025	IFRS
YoY	+22.7%	+22.1%	+22.1%	+23.9%	+24.5%